Iamgold Corporation · TSX:IMG
Iamgold — BMO Capital Markets 25th Global Metals & Mining Conference 2016
28 slides from Iamgold's conference presentation, Mar 2, 2016
Slide 1: BMO Capital Markets 25th Global Metals & Mining Conference
BMO Capital Markets 25th Global Metals & Mining Conference February 28 – March 2, 2016 Steve Letwin President & CEO TSX: IMG NYSE: IAG
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information All information included in this presentation, including any information as to the Company’s future financial or operating performance, and other statements that express management’s expectations or estimates of future performance, other than state
Slide 3: Geographically Diversified Asset Base
Geographically Diversified Asset Base Four Operating Gold Mines 3
Slide 4: Strong Foundation
Strong Foundation Four producing Improving cost Strong liquidity Robust gold mines on structure exploration three continents portfolio $691M in cash, 806,000 oz. AISC of $1,057/oz 2 wholly-owned restricted cash & produced in 20151 in 20152 and 3 JV projects bullion3 1 Attributable gold production 2
Slide 5: IAMGOLD Leads with its Torque Potential
IAMGOLD Leads with its Torque Potential % Change in NAV for a $100/oz Increase in Gold Price Gold equities will price in higher gold prices. Gold has risen past our price deck of US$1,150/oz and while we will resist for now raising our price assumptions, we provide the torque potential from our univ
Slide 6: Strong Liquidity
Strong Liquidity1 Position $M $143M $100M Cash, cash equivalents and restricted cash2 548.0 Bullion (at market)2 143.3 $150M Accordion Credit facility: Fully committed and available 100.0 Accordion - Option to increase 150.0 $548M Total 250.0 Cash, Cash Equivalents and Restricted Cash Gold Bullion C
Slide 7: Disciplined Capital Spending
Disciplined Capital Spending 800 700 $669M 600 500 $ Millions Development / 400 Expansion $325M 300 $250M 1 Sustaining $244M 200 100 0 2013 2014 2015 2016 Guidance 1 Plus or minus 10% 7
Slide 8: All-In Sustaining Costs – Adjusted for Unusual Items
All-In Sustaining Costs – Adjusted for Unusual Items 1,2 1,400 All figures in $/oz. sold 1,201 1,221 1,194 1,200 1,121 1,101 1,000 1,049 3 1,051 3,4 3,4 3,4,5 1,021 1,034 1,056 800 600 400 200 0 Q4 2014 Q1 2015 Q2 2015 ` Q3 2015 Q4 2015 1,2 AISC Avg Realized Gold Price1 1 This is a non-GAAP measure.
Slide 9: 2016 Production and Cost Guidance
2016 Production and Cost Guidance1,3 2016 Guidance1 Rosebel (000s oz.) 285 – 295 Essakane (000s oz.) 365 – 375 Westwood (000s oz.) 50 – 60 Total owner-operated production (000s oz.) 700 -730 Joint ventures (000s oz.) 70 Total attributable production (000s oz.) 770 – 800 Total cash costs2,3 – owner-o
Slide 10: Operations Review
Operations Review £IAMGOLD
Slide 11: Westwood – Canada
Westwood – Canada 40 1751 Production of 60,000 attributable ounces for 2015 due to seismic event 35 1507 1600 Focus continues to be on underground development to expand number of mining areas and remedial work › Development work will open up access to multiple mining 30 blocks for future years a
Slide 12: Essakane – Burkina Faso
Essakane – Burkina Faso 120 1250 Record production of 383,000 attributable ounces for 2015, up 15% from 2014 due to mill optimization, 15% grade increase and mining at Falagountou 100 988 1022 1024 Mill expansion completed in 2013 to accommodate increasing 955 1000 proportion of hard rock: 922 ›
Slide 13: Rosebel – Suriname
Rosebel – Suriname 100 1420 Production of 287,000 attributable ounces for 2015, below 2014 due to lower grades & throughput; proportion of soft rock fell from 38% to 25% 90 1250 › Q4/15 production down due to eleven day work-stoppage 80 1104 1111 AISC of $1,165 in 2015 – included one-time purcha
Slide 14: Sadiola – Mali
Sadiola – Mali 25 1200 1100 Production of 69,000 attributable ounces in 2015 1010 › Decline from 2014 due to lower grades 20 914 1000 AISC of $839/oz. for 2015, 23% lower than previous year 1 due to lower fuel and consumable prices and favourable FX rates 706 800 Results from RC drilling progr
Slide 15: Exploration Review
Exploration Review # IAMGOLD
Slide 16: Boto Project (Senegal)
Boto Project (Senegal) Deposit Open at Depth • Infill drilling at Malikoundi deposit completed • Updated estimated indicated resource of 1.6 M oz in 27.7 Mt at 1.8 g/t Au and inferred resource of 125,000 oz in 2.9Mt at 1.3 g/t Au1 › Final 2015 assay results reported include (Jul 20, 2015): • 36 m at
Slide 17: Siribaya (Mali) – JV with Merrex Gold
Siribaya (Mali) – JV with Merrex Gold • Focused on Diakha prospect - extension of trend hosting Boto Gold deposit • Initial 43-101 compliant mineral resource estimate Fekola -B2Gold completed and announced February 9, 2016 4.3Moz 61.6mt @ 2.2 g/t Au* › Indicated resource of 129,000 oz. in 2.1Mt at 1
Slide 18: Pitangui Project (Brazil)
Pitangui Project (Brazil) • Infill diamond drilling program within the core area of the São Sebastião deposit completed resulting in a more robust geological model to support a revised resource estimate › Inferred resource estimate increased to 679,000 > 40M oz. historical ounces at 5.0 g/t Au1 prod
Slide 19: Monster Lake (Quebec) – JV with TomaGold
Monster Lake (Quebec) – JV with TomaGold • In 2015, 11,700 metres of diamond drilling was completed on the Megane-325 zone and other priority targets on the property • February 22, 2016 – announced final assay results from the 2015 fall diamond drilling program completed in November. Highlights Mons
Slide 20: Eastern Borosi (Nicaragua) – JV with Calibre Mining
Eastern Borosi (Nicaragua) – JV with Calibre Mining • Drilling program in 2015 focused on diamond drilling to test selected gold and silver vein systems • Results to date confirm multiple vein systems with high grades • May 6, 2015 – Blag vein system drilling1: Bonanza E. Borosi Project › Included h
Slide 21: Near Term Strategy
Near Term Strategy → Continue to reduce costs → Maintain strong liquidity → Advance ramp-up development plan at Westwood → Secure soft rock resources near Rosebel → Advance greenfield and brownfield exploration projects 21
Slide 22: Thank you
Thank you TSX: IMG NYSE: IAG
Slide 23: Appendices
Appendices CORPORATION
Slide 24: All-In Sustaining Costs
1,2 All-In Sustaining Costs Q4 2015 Full Year 2015 Total Total Rosebel Essakane Westwood $/ounce Rosebel Essakane Westwood IAMGOLD IAMGOLD $1,420 $1,024 $1,265 $1,202 Reported AISC $1,165 $1,010 $1,292 $1,118 (58) (55) (130) (59) Hedge losses pertaining to 2015 (46) (75) (93) (63) (382) - - (123) Le
Slide 25: 2015 Reserves and Resources
2015 Reserves and Resources 1 Contained Gold (000s attributable oz.) 2015 Change 2014 As of December 31, 2015 Total proven and probable mineral reserves 7,690 (11%) 8,608 Total measured and indicated mineral resources 2,3 23,482 10% 21,412 Total inferred resources 6,733 (4%) 7,018 • Gold reserves ha
Slide 26: 2016 Capital Expenditure Outlook
2016 Capital Expenditure Outlook 1 Development/ ($ millions) Sustaining 1 Expansion Total (Non-sustaining) Rosebel 50 15 65 Essakane 85 0 85 Westwood 15 65 80 Total gold segments 150 80 230 Corporate & Development Projects2 - 10 10 Total consolidated 150 90 240 Joint ventures 5 5 10 Total 3 (±10%) 1
Slide 27: Quarterly Attributable Gold Production
Quarterly Attributable Gold Production 300 250 241 200 208 000’s oz. 202 197 199 150 100 50 0 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Improving grades at Mining lower grade Lower throughput at Higher production at Westwood production Rosebel and Essakane lenses at Westwood as Rosebel reflecting rain
Slide 28: Bob Tait VP, Investor Relations
Bob Tait VP, Investor Relations T: 416-360-4743 Laura Young Director, Investor Relations T: 416-933-4952 Investor Relations info@iamgold.com TSX: IMG NYSE: IAG
IAMGOLD — BMO Capital Markets 25th Global Metals & Mining Conference 2016 on 6ix